Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Commodities consolidated and some buying emerged, but weak data and mixed earnings results are maintaining the pressure on Wall Street. Dow down 81. (Accessible only for subscribers before 10:15 AEST)
It appears global markets may have woken up to the realisation the risk trade has run just too far ahead of global economic reality. Dow down 138. (Accessible only for subscribers before 10:15 AEST)
The assumption that Boston was one small incident, along with some better US data and strong profit reports helped Wall Street rebound from Monday’s losses. Dow up 157. (Accessible only for subscribers before 10:15 AEST)
An assumed terrorist attack at the Boston Marathon occurred late in a session, which was already very weak on Wall Street due to China. Gold has collapsed. Dow down 265. (Accessible only for subscribers before 10:15 AEST)
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Wall Street really couldn’t find any reason to sell last night. Dow up 62. (Accessible only for subscribers before 10:15 AEST)
If you break it down, last night’s rally on Wall Street was all about that weak jobs number last week. Dow up 128. (Accessible only for subscribers before 10:15 AEST)
Traders suspect money is flowing out of Japan and into securities, including equities, in the US and Australia. Dow up 59. (Accessible only for subscribers before 10:15 AEST)
Wall Street was back in rally mode last night, as if Friday’s weak jobs number never happened. Dow up 48. (Accessible only for subscribers before 10:15 AEST)